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542.28+/- Acres Kingman & Reno County, Kansas
Selling in 4 Tracts On Our
UNRESERVED ONLINE AUCTION
October 25, 2022
Bidding opens October 11, 2022, and ends October 25, 2022, at 11 a.m. CDT
Description: Here’s a beautiful 76.48+/- acres with location, location, location for the land investor, hunter, farmer, or anyone looking for the right rural home site. It's located three miles east of Kingman on Hwy 54 to the Pretty Prairie exit, then a half mile north on paved NE 40 Ave. It has 57.87 acres of mostly ‘prime’ cropland, matching 57.87 acres of FSA wheat base. There are 15.89 acres of native grass and trees on the north side, with 2.72 acres of tree groves and windbreaks along the south and west boundaries of the land. The north pasture transitions into a beautiful wooded wildlife habitat to the south that will take your breath away. The cropland is currently planted in drought-affected milo. In any other year with regular moisture and fertilization, these prime soils produce top yields. Grain delivery is three miles north on paved NE 40 Ave., then a half mile east to Varner on NE 50 St. Another grain delivery option is a half mile south to Hwy 54, then 3 miles west to Kingman. Don't miss the opportunity to own this 76.48+/- acres of hard-to-find possibilities!
Bidding increments will be $50/acre. The final sale price will be calculated based on total acres times the highest bid with no buyer premium.
Plan to Attend the Informational Meeting & Auction:
Kingman Expo Center
121South Main
Kingman, KS 67068
BigIron Realty Agents will be at the Kingman Expo Center in Kingman, KS, on October 25, 2022, from 9:00 a.m. CDT until the conclusion of the online auction. Please come at this time to discuss the land. BigIron Realty representatives will be here to assist Buyers with registering to bid and placing bids online. You do not have to be present to bid online, but you are required to be available by phone.
BIDDING PROCESS: You may place bids on this land for 14 days beginning October 11, 2022, and ending October 25, 2022, at 11 a.m. CDT. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding will be automatically extended to five minutes. This will continue until there is a five-minute period where no bids are placed. NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so please register at least 24 hours prior to the auction close or call 800-887-8625 for assistance.
Auctioneer Comments:
This 542.28+/- acres contains some of the best farmland available in Kingman and Reno Counties. It sells in 4tracts with no combination of tracts. It offers 439.17+/- acres of cropland, of which 342.22+/- acres are ‘Prime Farmland’ per the U.S. Department of Agriculture (USDA), Natural Resource Conservation Service (NRCS). The remaining cropland is primarily ‘soils of statewide importance.’ The number of acres selling on each tract is determined by the U.S. Department of Agriculture, Farm Service Agency (FSA)which is considered the most accurate.
All tracts are either on or within one mile of a paved road with easy access to multiple grain delivery points. The Seller’s mineral and wind rights go to the Buyer(s) and are believed to be 100% intact.
Tracts 1, 2, and 4 are planted to milo for the 2022 harvest. Buyers receive full possession the earlier of 1)conclusion of the 2022 milo harvest; 2) destruction or abandonment of the milo; or 3) December 31, 2022. Tract 3 was planted to wheat for grazing, and full possession passes immediately at closing.
Real estate taxes on all tracts are prorated to the date of closing.
Legal Description: E 1/2 of SE 1/4 23-27-7 (76.48+/- acres, Kingman County, KS)
2021Taxes: $451.32
Land Location: 3 miles east of Kingman, KS, on Hwy 54 to the PrettyPrairie exit. Then a half mile north on NE 40 Ave. The land is northwest of the intersection of NE 40 Ave. and NE 20 St.
PLC
FSA: Crop Base Yield
Wheat 57.87 32 bu
Mineral& Wind Rights: Seller’s mineral and wind rights, believed 100% intact, pass to the Buyer.
Water Rights: Pass to the Buyer.
Possession: Buyer receives full possession the earlier of 1) conclusion of the 2022 milo harvest;2) destruction or abandonment of the milo; or 3) December 31, 2022.
Owner: Three K Farms, Inc.
Title Services:
Security 1st Title, 410 N. Main, Kingman, KS 67068
For more information, contact listing agent:
Mike Campbell, 620-899-6989
Terms: The sale is subject to all rights of way and easements, whether recorded or not and to oil and gas leases of record if any. The successful Buyer will enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment payable to Security 1stTitle, 410 N. Main, Kingman, KS 67068 (620-532-2011). The earnest money deposit can be made by personal check, company check, or wire transfer. The balance will be due at closing on or before November 30, 2022. Seller will provide marketable title to the Buyer evidenced by title insurance. Title insurance and closing costs are split 50/50 between Buyer and Seller. The Buyer will pay additional title insurance required by the Buyer's lender 100%. The Seller will pay 2021 and prior year taxes. 2022 property taxes will be prorated to the date of closing. The property will not be sold subject to financing. Have all financial arrangements made prior to the auction. The written purchase agreement, to be signed by the Seller and Buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms, whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the Seller.
Location
Terms
Please see each Lot for specific terms